understand the theories that attempt to explain why certain goods are traded internationally |
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comprehend the arguments for imposing trade restrictions |
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explain the two basic kinds of import restrictions: tariff and nontariff trade barriers |
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appreciate the relevance of the changing status of tariff and nontariff barriers to managers |
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recognize the weaknesses of GNI/capita as an economic indicator |
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identify the common characteristics of developing nations |
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understand the new definition of economic development, which includes more than economic growth |
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understand why some governments are changing from an import substitution strategy to one of export promotion and the implications of this change for managers |
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explain some of the theories of foreign direct investment |